John M. Clark and Frank H. Knight on the Adding-Up Theorem, Overhead Costs, and More

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Abstract

This note offers new archival insight into a 1925 polemical exchange betweenFrank Knight and John Maurice Clark that was hosted in the pages ofJournal of Political Economy. Although the exchange centered on theeffects of overhead costs on marginal productivity theory and the so-calledadding-up theorem, it also provided significant elements to assess the methodologicaldifferences between two of the most representative American economistsof the interwar years.
Original languageEnglish
Pages (from-to)159-179
Number of pages21
JournalResearch in the History of Economic Thought and Methodology
Volume36
Publication statusPublished - 2018

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Costs
Overhead costs
Productivity
Knight
Political Economy
Interwar Years
Political economy

All Science Journal Classification (ASJC) codes

  • Arts and Humanities(all)
  • Economics, Econometrics and Finance (miscellaneous)
  • History and Philosophy of Science

Cite this

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